24
Appointment of Investigating Officers and their powers
Act: Anti-Money Laundering Act 2010
Section Provisions
ACT VII OF 2010 ACT VII OF 2010 ANTI-MONEY LAUNDERING ACT, 2010 An Act to provide for prevention of money laundering [Gazette of Pakistan, Extraordinary, Part I, 27th March 2009] No.F.9 (4)/2010-Legis., dated 27-3-2010.--The following Act of Majlis-e-Shoora (Parliament) received the assent of the President on 26th March, 2010, is hereby published for general information: Whereas, it is expedient to provide for prevention of money laundering combating financing of terrorism and forfeiture of property derived from, or involved in, money laundering or financing of terrorism and for matters connected therewith or incidental thereto; It is hereby enacted as follows:-- 24. Appointment of Investigating Officers and their powers.--(1) The investigating agencies, as provided in clause (j) of section 2, may nominate such persons as they think fit to be the Investigating Officers under this Act from amongst their officers. (2) The Federal Government may, by special or general order, empower an officer not below BPS-18 of the Federal Government or of a Provincial Government to act as an Investigating Officer under this Act. (3) Where any person other than a Federal or Provincial Government Officer is appointed as an Investigating Officer, the Federal Government shall also determine the terms and conditions of his appointment. (4) Subject to such conditions and limitations as the Federal Government may impose, an Investigating Officer may exercise the powers and discharge the duties conferred or imposed on him under this Act.